**Feds cut rate by 50 points. The market was expecting 25. When it got 50, big move on DJ-30 +300 points. Huge short covering here. Even though everything went up, there's a feeling the economy must really be bad for the Feds to cut rate that much. I will remain on the fence and wait for the market to tell me what to do.

**FTO went up $3.00 to $47.18. No pullback. Will not chase it here.

**BZP is really going good. Up to $7.75. Note the hammer finish. Will add to any pullback.

**T2118.... +116.95...resuming uptrend

**MTH...See bounce at 50MA to pullback. Consider entry after

**NVDA...bullish 3 day candlestick reversal. Excellent volume. See pullback on hourly @ $36. If close above $36 on hourly, will consider going long.

**BOBJ...Very choppy on daily. On longer term chart, looking very bullish. Possible long @ $47.20 with stop @ $45.50.

**BXP...Broke 50MA daily...Nice volume. Upper BB and 200MA are overhead resistance @ $105. If it can get through $105 will take a long position.

**ADSK..Took out both June and July swing high. Excellent volume. Is in All-time high territory here. Will monitor here.

**SCHN...Took out July swing high. Excellent volume. Will check price action ala 7/10 after that gap up. That was good for a 4 point move.

** CLB...maybe too late. Can't chase. But, notice the scout action on the candles the last 2 days prior to today's breakout.

**PSA... Nice bullish action of the 50MA daily. Bumps into the upper BB and 100MA. Nice volume. Needs to clear $80.34 before consider long position.

**FMC...Excellent move after split on 9/14. Might be too late.

**SNDA...Can't chase. Let the game come to me. :-)

FTO

This week is options expiration week. Tomorrow, the Fed's meet. The market is anticipating a rate cut. However, based on these two events, no new positions will be taken. FTO is probably an exception. I am hoping it will pullback to the 20MA which is around $42.50. At that point, I would like to see more volume to confirm a resumption of its upward trend. If this happens, I will take a 1/2 position. If it closes above $45, i will initiate the other 1/2 position.

Targets: $46...$49.